Household Vulnerability to Income Shocks in Emerging and Developing Asia: the Case of Cambodia, Nepal and Vietnam

Alessia De Stefani, Athene Laws and Alexandre Sollaci

No 2022/064, IMF Working Papers from International Monetary Fund

Abstract: We leverage survey data from emerging and developing Asia to highlight different aspects of household vulnerability to income shocks arising from the Covid-19 pandemic: occupation in Cambodia, self-insurance mechanisms in Nepal, and financial leverage in Vietnam. Occupation and ex-ante income levels emerge as the main drivers of vulnerability. We estimate that the pandemic could have placed an additional 6 to 9 percent of the population of each country in a vulnerable position, with the impact concentrated on urban, informal, and service sector workers. Government intervention and financial access emerge as key resilience-enhancing mechanisms.

Keywords: Income shocks; Informality; Covid-19; Developing Asia; household vulnerability; appendix B; labor market vulnerability; shock outcome; cash transfer; Income; Consumption; Loans; Asia and Pacific (search for similar items in EconPapers)
Pages: 37
Date: 2022-04-01
New Economics Papers: this item is included in nep-dev, nep-iue and nep-sea
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